Stocks down a little ahead of US jobs data

UK and European stocks are trading a little higher this morning after positive US data data on Thursday.

Stocks down a little ahead of US jobs data

UK and European stocks are a little lower this morning. Markets are likely to trade cautiously today ahead of tomorrow’s important US jobs data which is forecasted to show an extra 671,000 jobs added in May.

Asian markets were generally positive after PMI data from China came in at 55.1, indicating a thirteenth month of expansion in the services sector. Services PMI data for Europe and US is also due today and will be watched for inflation clues.

Ursula von der Leyen, President of the European Commission, said that the EU is expected to reach its target of vaccinating 70% of the adult population by the end of July.

In the UK, Boris Johnson said he sees nothing in the data yet to delay the easing of lockdown restrictions later this month although he urged caution.

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